What Is Inventory?

Inventory refers to the raw materials, work-in-progress, and finished goods that a company has on hand. The purpose of inventory is to provide a company with a buffer against fluctuations in demand and to allow for the smooth operation of its production process. Inventory is classified as either current or non-current on a company’s balance … Read more

Construction Loan.

A construction loan is a short-term loan used to finance the construction of a new home or other real estate project. Construction loans are typically short-term loans with a maximum loan term of three years. They are usually interest-only loans, meaning that the loan’s principal is not repaid until the project is completed. Construction loans … Read more